Republic Acts

REPUBLIC ACTS

REPUBLIC
ACT NO. 4919

REPUBLIC ACT NO. 4919 - AN ACT
GRANTING MONJA SECURITIES CORPORATION A TEMPORARY PERMIT TO CONSTRUCT,
MAINTAIN AND OPERATE PRIVATE FIXED POINT-TO-POINT, COASTAL, LAND-BASED,
AERONAUTICAL AND LAND-MOBILE RADIO STATIONS FOR THE RECEPTION AND
TRANSMISSION OF RADIO COMMUNICATIONS WITHIN THE PHILIPPINES

Section
1. There is hereby granted to Monja Securities
Corporation a temporary permit to construct, maintain and operate at
such places as the grantee may select, subject to the approval of the
Secretary of Public Works and Communications, private fixed
point-to-point, coastal, land-based, aeronautical and land-mobile radio
stations for the reception and transmission of wireless messages on
radiotelegraph or radiotelephone, each station to be provided with
radio transmitting and radio receiving apparatus.

Sec. 2. This temporary permit shall continue to
be in force during the time that the Government has not established
similar services at the places selected by the grantee, and is granted
upon the express condition that the same shall be void unless the
construction or installation of said stations be begun within one year
from the date of approval of this Act and completed within two years
from said date.

Sec. 3. The grantee, its successors or assigns,
shall not engage in domestic business of telecommunications in the
Philippines without further special assent from the Congress of the
Philippines, it being understood that the purpose of this temporary
permit is to secure to the grantee the right to construct, install,
maintain and operate private fixed point-to-point, coastal, land-based,
aeronautical, and land-mobile radio stations in such places within the
Philippines as the interest of the grantee may justify.

Sec. 4. No fees shall be charged by the grantee
as the radio stations that may be established by virtue of this Act
shall engage in communications regarding the grantee's business only.

Sec. 5. The grantee, its successors or assigns,
shall so construct and operate its radio stations as not to interfere
with the operation of other radio stations maintained and operated in
the Philippines.

Sec. 6. The grantee, its successors or assigns,
shall hold the national, provincial, city and municipal governments of
the Philippines harmless from all claims, accounts, demands or actions
arising out of accidents or injuries, whether to property or to person,
caused by the construction or operation of its radio stations.

Sec. 7. The grantee, its successors or assigns,
shall be subject to the corporation laws of the Philippines now
existing or hereafter enacted.

Sec. 8. The grantee, its successors or assigns,
is authorized to operate its private fixed point-to-point, coastal,
land-based, aeronautical and land-mobile radio stations in the medium
frequency, high frequency, and very high frequency that may be assigned
to it by the Secretary of Public Works and Communications.

Sec. 9. That grantee shall not lease, transfer,
grant the usufruct of, nor sell or assign this temporary permit, or the
rights or privileges acquired thereunder to any person, firm, company,
corporation or other commercial or legal entity, nor merge with any
other person, company or corporation organized for the same purpose
without the approval of the Congress of the Philippines first had. Any
corporation to which this temporary permit may be sold, transferred, or
assigned shall be subject to the corporation laws of the Philippines,
now existing or hereafter enacted, and any person, firm, company,
corporation or other commercial or legal entity to which this temporary
permit is sold, transferred, or assigned shall be subject to all
conditions, terms, restrictions and limitations of this temporary
permit as fully and completely and to the same extent as if temporary
permit had been originally granted to the said person, firm, company,
corporation or other commercial or legal entity.

SECTION 10. A special right is hereby reserved to
the President of the Philippines in time of war, insurrection, public
peril, emergency, calamity or disaster to cause the closing of the
grantee's radio stations or to authorize the temporary use or
possession thereof by any department of the Government upon payment of
just compensation.

SECTION 11. This temporary permit shall be subject
to amendment, alteration, or repeal by the Congress of the Philippines
when the public interest so requires, and shall not be interpreted as
an exclusive grant of the privilege herein provided for.